Kohl’s (NYSE:KSS) Trading Down 2.5% After Analyst Downgrade

Kohl’s Co. (NYSE:KSS) fell 2.5% on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $7.50 to $4.00. The Goldman Sachs Group currently has a sell rating on the stock. Kohl’s traded as low as $6.86 and last traded at $6.84. 1,183,051 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 10,768,041 shares. The stock had previously closed at $7.02.

KSS has been the topic of a number of other reports. Jefferies Financial Group reduced their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. UBS Group decreased their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, April 14th. Robert W. Baird decreased their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s in the 4th quarter valued at $26,000. Bogart Wealth LLC purchased a new position in Kohl’s in the fourth quarter valued at about $35,000. State of Wyoming purchased a new position in Kohl’s in the fourth quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in shares of Kohl’s by 3,022.6% during the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company’s stock worth $50,000 after purchasing an additional 5,894 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Kohl’s by 360.2% in the first quarter. GAMMA Investing LLC now owns 6,456 shares of the company’s stock worth $53,000 after buying an additional 5,053 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Trading Down 3.7 %

The business has a 50 day moving average price of $9.06 and a 200-day moving average price of $13.37. The firm has a market cap of $752.44 million, a price-to-earnings ratio of 3.04 and a beta of 1.65. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a $0.125 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.40%. Kohl’s’s payout ratio is currently 51.02%.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.